10 Advisory Groups Updates

Project Type: N/A Project Scope: N/A

Executive Summary

Purpose of the paper

The purpose of this paper is to provide an update of meetings held by the following UKEB Advisory Groups and Working Groups, to accompany the verbal update given by their Chairs:

• Academic Advisory Group (Chair: Michael Wells)
• Accounting Firms and Institutes Advisory Group (Chair: Sandra Thompson)
• Investor Advisory Group (Chair: Paul Lee)
• Preparer Advisory Group (Chair: Giles Mullins)
• Financial Instruments Working Group (Chair: Peter Drummond)

Summary of the Issue

The four standing Advisory Groups for the UKEB were set up during 2022, with a number holding their inaugural meetings during that year. The Rate-regulated Activities Group, Chaired by Phil Aspin, is expected to hold its inaugural meeting on 24 March 2023.

In addition, the Board decided to set up a Financial Instruments Working group to provide advice to Secretariat in respect of IASB financial instrument-related projects.

The Advisory Groups webpage of the UKEB website has been updated to reflect that the recruitment campaigns have now been largely completed. The page sets out the purpose of each group, a list of the group's members and their biographies, and a link to their Terms of Reference. In addition, minutes for each AG meeting are uploaded as they become available.

The table below sets out the Advisory Group meetings held since their inception. Links to the meeting minutes available at the time of writing are also included in the table below.

Decisions for the Board

No decisions required

Recommendation

The Board is recommended to review the summary minutes of the groups' meetings.

Appendices

None